Crystal Palace’s first-ever European adventure has taken a bitter twist. Three months after winning the FA Cup, they’ve been demoted from the Europa League to the Conference League after UEFA ruled they breached multi-club ownership rules. The Court of Arbitration for Sport has upheld the decision, leaving fans furious and the club considering legal action against former shareholder John Textor. We break down what happened, why it matters, and how it could impact Palace’s finances, transfers, and ambitions this season. From Guehi’s future to Glasner’s recruitment plans, we explore whether Palace can turn frustration into another historic trophy run.